[ad_1]
(Ecofin Agency) – The stock of US investment in sub-Saharan Africa fell by 22.6% between 2014 and 2016, said the US Trade Representative's Office (USTR) in a report presented to the US Congress on 29 last June.
According to the document, US investment in black African countries increased from 37.5 billion in 2014 to 29 billion in 2016. About 53.7% of these investments would have been invested in three countries.
Thus, Mauritius has monopolized the bulk of US investment in sub-Saharan Africa with $ 6.7 billion, followed by South Africa with $ 5.1 billion and finally the Nigeria with $ 3.8 billion.
The report's authors also indicated that since 2016, the US Agency for International Development in Africa has already facilitated nearly $ 140 million in investments in sub-Saharan Africa. This would have created nearly 50,000 jobs in the region, particularly in the agri-food, light industry, and financial and technology sectors.
Note that the country of Uncle Sam also recorded a growth of more than 160% of the stock of foreign direct investment (FDI) from sub-Saharan Africa ($ 4.2 billion in 2016 compared to $ 1.6 billion in 2014), the main supplier being Africa from the south with a volume of $ 3.1 billion of FDI in the country led by Donald Trump.
Recall, however, that between 2012 and 2017, the US was the main provider of foreign capital for new projects in Africa, with a total flow of 25 billion. They should, however, be beaten by China by 2018 according to the FdI Intelligence, the branch of the Financial Times that tracks the flow of FDI into new projects around the world. at the end of April 2018, China's commitment to this segment had taken a step ahead of the black continent.
Moutiou Adjibi Nourou
[ad_2]
Source link
